China Gold Demand May Double to 900 Tons in a Decade
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China’s gold market may double in the next decade as retail investment and jewelry demand gain, an official from the World Gold Council said today.
Consumption may gain to 800 metric tons to 900 tons in the next ten years, Wang Lixin, the World Gold Council’s Greater China general manager, said at a Shanghai conference today. “It probably will be achieved earlier than that.” China’s jewelry and investment gold demand was 428 tons in 2009, according to the council.